Umpqua Holdings Corporation announced that former CEO and board chair Ray Davis has been recognized with a Chairman Emeritus designation by its board of directors. The Chairman Emeritus role is an honorary title in recognition of Davis leadership and accomplishments over more than two decades of service to the bank. Davis served as Umpqua Bank CEO for 23 years before retiring in January 2017. He continued in his role as executive chair of Umpqua Holdings Corporation's board of directors until December 31. 2017.